Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
Gov. J.B. Pritzker has pointed admiringly to other Midwestern states’ progressive income tax structures, but taxes on the median Illinois family would go up under all of them.
If current population trends hold, Rock Island, Illinois, will take a back seat to Bettendorf, Iowa, within five years.
Homeowners’ 2017 property tax bills (payable in 2018) outpace the state and national average, when measured as a share of home value.
Progressive tax proposals by Illinois Democrats would punish those in Illinois’ middle class who earn $50,000 or more and make the state even less competitive with its neighbors.
Illinois’ credit rating spirals downward while residents flee to surrounding states with stronger economies and lower taxes.